Looking for information about your firm's panel status?
Melton Mowbray Building Society Conveyancing Panel Information:
What are the Melton Mowbray Building Society conveyancing panel criteria?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
All conveyancers are subject to panel requirements and must be approved onto the Society's conveyancing panel. Please refer to the mortgage completions team if further information is required.
You must also comply with the terms and conditions of your Melton Mowbray Building Society solicitor panel appointment.
Do Melton Mowbray Building Society or the Building Society Association run professional training Courses for the Melton Mowbray Building Society approved solicitor panel in much the same way that the Law Society run cases for CQS accedited practices?
The BSA do not involve themselves in training however they do arrange a number of general conveyancing related conferences which are attended by firms on the Melton Mowbray Building Society conveyancing panel. It is our intention to run specific lender focused seminars in the near future including a webinar on Melton Mowbray Building Society’s obligations . Solicitors on the Melton Mowbray Building Society conveyancing panel are welcome . Information about the webinar will be made available as part of the LENDERmonitor Alerts .
Being a lawyer on the Melton Mowbray Building Society conveyancing panel who do I call should we have a question conerning the BSA Specific Requirements ?
If you are a solicitor and have a concern about the mortgage instructions,
you should make contact with Melton Mowbray Building Society. The BSA will not advise or comment on specific queries relating to Melton Mowbray Building Society or other lenders.
What obligations do I have,
being on the Melton Mowbray Building Society conveyancing panel, to carry out a flood search?
Melton Mowbray Building Society make no specific obligation to carry out
any of the searches listed. The BSA Mortgage Instructions simply
states that ‘you must ensure that any other searches which may be
appropriate to the particular property, taking into account its
locality and other features are carried out’.
Remember that most ‘less usual searches’ (as described in the Law Society’s Conveyancing Handbook) are not optional as far as Melton Mowbray Building Society are concerned if they are ‘appropriate’. Most lenders will not require environmental searches (you should Check the Melton Mowbray Building Society Specific Requirements of BSA Handbook to be sure), but you are obliged to explain risks and availability to the borrower.
Ground stability, Plansearch,flood searches as well as the searches listed in the question are optional – but only to the extent that you have allowed the borrower client to make an informed choice. Regardless of whether there is a mortgage, If you have not advised the client that these (and other) searches are available and what risks they cover, then you will be liable if the client suffers loss through not conducting one.
What sort of information are Lenders such as Melton Mowbray Building Society are asking for when it comes to applying to be on their approved conveyancing panel?
Criteria differ from lender to lender.
We do not hold specific requirements relating to the questions raised as part of the application to be on the Melton Mowbray Building Society conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
- Number of partners per branch of the firm
- List of all solicitors within firm
- Automated alerting to inform lenders when there is a fundamental change to the firm e.g. change of ownership
- Full complaints history for each licensed conveyancer
- Whether any lender has ever made a claim against the firm’s PII cover
- Details of any accreditation e.g. Lexcel and/or Conveyancing Quality Scheme
- Full disciplinary history for each conveyancing solicitor
- Full complaints history for each conveyancing solicitor
- List of all those who can sign off the Certificate Of Title
- List of all those staff who work within the conveyancing team
Why has the Building Society Association introduced differing instructions from the CML?
The BSA introduced it’s Mortgage Instructions in 2010 to ensure that licensed conveyancers or solicitors on a building society conveyancing panel had full access to a complete set of standardised mortgage instructions.
My firm is not on the Melton Mowbray Building Society conveyancing panel as well other banks . My clients, who are getting a mortgage with Melton Mowbray Building Society wish use my firms conveyancing services regardless of the fact that we are not on the Melton Mowbray Building Society panel. Am I doing anything wrong is suggesting to my client that they use a local to represent Melton Mowbray Building Society on mortgage aspect of the conveyancing?
Please tread carefully here as what you are proposing may not be acceptable to the lender.
It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Lenders such as Nationwide BS make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancing firm.
You also need to make the costs implications and potential for delay very clear to your client.
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
Find a Lawyer on the Melton Mowbray Building Society Approved Conveyancing Solicitors Panel
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Average number of days to register title including a charge in favour of Melton Mowbray Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
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